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Monday, March 19, 2012

SODA April 2012 $30 put

2/23/2012

sell to open 10 April 2012 $30 puts @ $0.95

earnings announcement:  2/29 a.m.
Market Maker expected move:  plus or minus $6.02
probability of expiring ITM:  20%


3/19/2012

buy to close @ $0.30

net gain after fees:  $615  (2.05% return in 3 weeks!)

Initial investment amount:  ZERO!!!

This options trader teaches at Lilia's Investing Academy (Albany, CA).

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